U.S. and China Release Reciprocal $30B Product Lists for Tariff Cuts
More than 90% of covered products will get most-favored-nation rates, and both sides left strategic sectors such as chips and batteries out.
- On Monday, the United States and China released reciprocal lists of goods worth $30 billion each eligible for tariff reductions, following Chinese President Xi Jinping's three-day state visit to Washington.
- The U.S.-China Board of Trade, established in Beijing last May, developed the '30-for-30' framework to identify non-sensitive products for favorable tariff treatment, excluding strategically significant items like semiconductors and batteries.
- China's list covers 1,619 U.S. export categories including agricultural commodities and medical equipment, while the U.S. list features 77 categories of Chinese consumer goods such as toys, tableware, and holiday decorations.
- U.S. Trade Representative Jamieson Greer stated the deal helps secure market access for American farmers and manufacturers, though some experts say the $30 billion scale may limit broader economic impact.
- President Donald Trump and Xi are scheduled to meet again in November at the Asia-Pacific Economic Cooperation summit in Shenzhen and in December at the Group of 20 summit in Florida.
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117 Articles
China and the U.S. agree to lower tariffs for about 1,629 goods. List is varied: it includes foods such as butter, live animals such as dolphins and products such as toys or Christmas lights.
White House sets product list US, China could tax less
SAN FRANCISCO — The White House released Sunday (Monday in Manila) lists of products that could benefit from lower tariffs under an arrangement with China affecting $30 billion in goods in each direction, without specifying the rates or timetable.
DECRYPTAGE - Customs duties are expected to decrease over $60 billion in "non-sensitive" goods such as agricultural products or household appliances.
Daily Journal
US and China release $60 billion nonsensitive product lists for tariff cuts after Trump-Xi meeting
The United States and China have released lists of products worth about $30 billion each that will see tariff cuts. This deal is expected to help boost bilateral trade. The announcement follows a meeting between Chinese President Xi Jinping and…
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